Identified Third Party Gathering System definition

Identified Third Party Gathering System has the meaning set forth in Section 2.5.

Examples of Identified Third Party Gathering System in a sentence

• If the MLP advises the Resource Entities of its intent to acquire the Identified Third Party Gathering System, the Resource Entities shall refrain from making an offer for the Identified Third Party Gathering System except as permitted hereunder.

• Such notice shall identify the gathering system and its seller and the proposed sales price of the Identified Third Party Gathering System, and shall include all written information about the Identified Third Party Gathering System provided to the Resource Entities by or on behalf of the seller as well as any information or analyses compiled by the Resource Entities from other sources.

• Further, the Resource Entities agree to give the MLP written notice of the identification by any of them of any Third Party Gathering System for possible acquisition by such Resource Entity or any Affiliate (each, an "Identified Third Party Gathering System").

• If the MLP (i) advises the Resource Entities that it does not intend to acquire the Identified Third Party Gathering System, (ii) advises the Resource Entities of its intent to acquire the Identified Third Party Gathering System but does not complete the acquisition within 60 days of the MLP's notice of its intent to the Resource Entities or (iii) fails to timely advise the Resource Entities of its intent, any of the Resource Entities shall be free to acquire the Identified Third Party Gathering System.

• Within 30 days of the date of the Resource Entities' notice, the MLP shall advise the Resource Entities in writing whether MLP wishes to acquire the Identified Third Party Gathering System.

• If the MLP advises the Resource Entity of its intent to acquire the Identified Third Party Gathering System, the Resource Entities shall refrain from making an offer for the Identified Third Party Gathering System except as permitted hereunder.

• Within a time period specified by the Resource Entity’s notice to the MLP, which shall be a reasonable time under the circumstances, the MLP shall advise the Resource Entity in writing whether it wishes to acquire the Identified Third Party Gathering System.

• Within 30 days of the date of the Resource Entities’ notice, the MLP shall advise the Resource Entities in writing whether MLP wishes to acquire the Identified Third Party Gathering System.

• If the MLP (i) advises the Resource Entities that it does not intend to acquire the Identified Third Party Gathering System, (ii) advises the Resource Entities of its intent to acquire the Identified Third Party Gathering System but does not complete the acquisition within 60 days of the MLP’s notice of its intent to the Resource Entities or (iii) fails to timely advise the Resource Entities of its intent, any of the Resource Entities shall be free to acquire the Identified Third Party Gathering System.